Defiance Daily Target 2X Long AMKR ETF (AMKL)

The Defiance Daily Target 2X Long AMKR ETF (AMKL) is a leveraged single-stock fund from Defiance ETFs. It seeks daily investment results, before fees and expenses, equal to twice (200%) the daily percentage change in the share price of Amkor Technology, Inc.

Amkor Technology is a provider of outsourced semiconductor packaging and test services, assembling and testing chips for semiconductor companies and electronics manufacturers. The fund obtains its leveraged exposure mainly through swap agreements and similar derivatives rather than by simply holding the stock.

Because the 2x target is reset every trading day, the fund's results over periods longer than one day can differ meaningfully from twice the return of Amkor shares over the same period, due to the effects of daily compounding.